Which Organizational Structure Has the Ability to Reshape Itself Quickly

question 158

Multiple Choice

Which organizational structure has the ability to reshape itself quickly to fit immediate client needs?

• A)network structure
• B)Simple
• C)Divisional
• D)Matrix
• E)None of these

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Definitions:

Priority Claims

Debts that are given special status and are paid before other debts in a bankruptcy proceeding.

Subordination Agreements

Legal documents that alter the priority of financial claims, making one party's claim rank behind another's in the event of a bankruptcy or liquidation.

Pro Rata

A Latin term that means "in proportion," often used to describe a method of allocating amounts or shares among participants according to their entitlement or contribution.

Chapter 11

A provision under the U.S. Bankruptcy Code that allows businesses to reorganize and restructure their debts while continuing operations.